In Georgia, lawmakers have approved a bill that for the first time will allow homeowners and businesses to lease photovoltaic (PV) systems rather than forcing them to buy the systems outright, according to published reports.
The Solar Power Free-Market Financing Act is designed to lower financial barriers that prevent some homeowners from adding solar, the website UtilityDive reports.
The bill sailed through the Georgia House of Representatives without a single dissenting vote in February, and then unanimously passed the Senate last month. PVTech says Gov. Nathan Deal was expected to sign it, although it was not listed among signed legislation as of April 6.
The bill’s unimpeded movement forward appears due to a compromise between solar advocates and utilities that limits the size of residential systems to a capacity of 10 kilowatts. Businesses with solar panels would not be permitted to generate more than 125 percent of their total energy demand, UtilityDive said.
With that deal in place, the measure won the support of Georgia Power Co. and the state’s electric cooperatives. GBA reported on the Georgia initiative along with a similar effort in Florida in February.